Deal reached to bring more affordable rental units to London

A high-rise residential development at 391 South St. has received a massive low-interest loan from the federal government in exchange for making about a fifth of the units affordable housing. The terms of the deal include at least 129 of the building’s 588 units (21.9 per cent) will rent at or below 30 per cent of London’s median household income. “That’s why we’ve decided to focus the investment in this particular manner.”

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